AFL-CIO, America’s largest labor union, recently released data showing that the average S&P 500 CEO made $15.5 million last year, 299 times the pay of the median worker. The findings are released annually and they are generally cited as an effective measure of workforce equality.
Among S&P 500 companies, the industry with the most pronounced worker-to-employee pay gap is the discretionary sector which includes well known names such as Amazon. On average, S&P 500 CEOs in this sector earn 741 times more than their median employees’ pay. There is a considerable gap to the industry with the next widest gap which is Consumer Staples where the average pay ratio is 383:1.
This chart shows U.S. CEO-to-worker pay ratio by industry at S&P 500 Index companies.
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